JetBlue headed for bankruptcy
#11
Line Holder
Joined: Oct 2016
Posts: 509
Likes: 80
I don't think we're in BK this fall, seems wayyyyy too soon. I think we start burning the furniture if we don't show positive signs of recovering the airline and moving towards the premium product goals we've set. If we were going to go BK by the fall we'd be in way worse shape right now.
#12
On Reserve
Joined: Nov 2023
Posts: 82
Likes: 39
I don't think we're in BK this fall, seems wayyyyy too soon. I think we start burning the furniture if we don't show positive signs of recovering the airline and moving towards the premium product goals we've set. If we were going to go BK by the fall we'd be in way worse shape right now.
#13
Bluediver the REAL deal
Joined: Jul 2022
Posts: 575
Likes: 29
#14
Yeah, you haven’t been paying attention. JetBlue has been burning the furniture for the past 6 years. That little talking point about not earning a profit since 2019? We’re still here because we’re borrowing money to keep the lights on. And now we’re borrowing even more money to both keep the lights on, and to make payments on our earlier loans. The textbook definition of burning furniture to heat the house.
Of course we’re having to burn the furniture faster and faster, so to some it may seem like we weren’t burning it before now.
Of course we’re having to burn the furniture faster and faster, so to some it may seem like we weren’t burning it before now.
#15
Line Holder
Joined: Jan 2019
Posts: 517
Likes: 29
Yeah, you haven’t been paying attention. JetBlue has been burning the furniture for the past 6 years. That little talking point about not earning a profit since 2019? We’re still here because we’re borrowing money to keep the lights on. And now we’re borrowing even more money to both keep the lights on, and to make payments on our earlier loans. The textbook definition of burning furniture to heat the house.
Of course we’re having to burn the furniture faster and faster, so to some it may seem like we weren’t burning it before now.
Of course we’re having to burn the furniture faster and faster, so to some it may seem like we weren’t burning it before now.
#17
#18
#19
On Reserve
Joined: Jan 2008
Posts: 73
Likes: 28
There are no good feelings to be had about a stand-alone JetBlue, so your takeaway is correct.
#20
Yes, this was part of a pre-announced lan several months ago to pay off the $800m April 2026 debt and then raise $500m cash in order to maintain liquidity. I think we need to maintain a certain amount of cash at all times and this helps give us a buffer.
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